UBT News and Press, ProShares Ultra 20+ Year Treasury From 11/15/23

2023-11-15 22:35:00 ET Summary A flat October US CPI release yesterday inspired both equities and bonds to rally on a growing belief that inflation is decreasing. The most abrupt monetary tightening in many decades has thrown a ton of drag on heavily-indebted economies. Centra...

2023-11-15 05:05:00 ET Summary US consumer price inflation slowed more than expected in October. Higher borrowing costs will increasingly weigh on activity and corporate pricing power, while slowing housing rents will be the main driver of disinflation over the next two quarters. ...

2023-11-15 01:31:00 ET Summary Market rates have likely peaked. The 10yr hit 5% and the 2yr got to 5.25% in the past month or so. A move back toward 5% is not improbable for the 10yr, but it's more likely that we've morphed into a structural decline in market rates, and a stee...

2023-11-14 20:20:00 ET Summary Tuesday’s CPI report was a huge relief for the Federal Reserve and their fight against inflation. Headline CPI came in at 3.2% and core inflation came in at 4%. The details showed a broad slowdown in the positive rate of change in prices, whic...

2023-11-14 15:30:00 ET Summary AIER Everyday Price Index fell 0.49% in October 2023, the largest decline since December 2022. The October inflation release provides a welcome respite from resurgent price increases over the past few months. While the most recent CPI and EPI dat...

2023-11-14 15:12:00 ET Summary U.S. real personal consumption has held up well in the face of higher interest rates because jobs kept growing. Inflation has receded in virtually every category, although shelter is coming down more slowly due to the confusing and lagged calculation...

2023-11-14 12:30:00 ET Summary In my opinion, last week’s comments from the Federal Reserve Chair were performative and don’t change anything in terms of my outlook. Central banks are focused on ensuring that longer-term inflation expectations - not shorter-term ones...

2023-11-14 06:51:00 ET Summary In the context of fighting inflation, the “final mile” represents the successful and sustainable achievement of a central bank’s inflation target. Perhaps the biggest surprise in macroeconomics this year has been the resilience o...

2023-11-14 06:10:00 ET Summary We see artificial intelligence (AI) as a mega force shaping the new regime. We are overweight the AI theme in developed market stocks. U.S. stocks and 10-year Treasury yields both rose last week. We see investors demanding more compensation for the r...

2023-11-14 01:11:00 ET Summary I think the trimming or revising of lower forward growth estimates is a reflection of the FOMC policy. Crude oil and gasoline have fallen sharply in the last 6 weeks. High-yield credit spreads actually tightened a little this week, as did high-gr...